How Does the Proposed Tax Plan Impact You?

A major focus of the President and Congress has been tax reform. After much deliberation the House unveiled the Tax Cuts and Jobs Act which would represent the most sweeping changes to US tax rules in over 30 years. Given it is very early on and there are many competing groups fighting for their interests, there will likely be many changes before anything is passed.

However, we thought it would be helpful to provide a high level overview of the potential changes that are being considered. We don’t recommend taking any actions yet, but if a final version of the bill becomes more likely to pass we may make recommendations in order to best position and take advantage of the changing rules.

This article does a great job of summarizing many of the key changes.

 

Index Performance Oct. YTDTrl 1 Yr
US Stock (Russell 3000)2.18%15.55%24.93%
Foreign Stock (FTSE AW ex US)1.95%23.38%23.82%
Total US Bond Mkt. (BarCap Aggregate)0.06%3.20%0.90%
Short US Gov. Bonds (BarCap Gov 1-5 Yr)-0.10%0.99%0.05%
Municipal Bonds (BarCap 1-10yr Muni)0.07%3.79%1.67%
Cash (ML 3Month T-Bill)0.09%0.66%0.72%

 

About

Raffa Wealth Management is an independent investment advisor providing nonprofit organizations, high net-worth investors, and qualified retirement plans with a full range of investment consulting services.  We were established to fill the need for transparency, clarity, and vision in the professional management of investment assets.   Visit us at www.raffawealth.com

Photo courtesy Anthony Quintano.

There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results. You should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC. This information was gathered from reliable sources but we cannot guarantee accuracy. Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated.
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